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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 380,005 $ 580,658
Marketable securities 403,140 241,117
Accounts receivable, net of allowance for doubtful accounts of $189 and $105 as of June 30, 2022 and December 31, 2021, respectively 57,418 34,396
Deferred costs, net 22,496 19,666
Prepaid expenses and other current assets 20,494 16,494
Total current assets 883,553 892,331
Property, equipment and software, net 27,862 24,725
Operating lease right-of-use assets 11,510 16,321
Intangible assets, net 9,165 10,091
Restricted cash 2,061 2,061
Other assets 18,239 13,381
Total assets 952,390 958,910
Current liabilities:    
Educator partners payable 55,323 49,206
Other accounts payable and accrued expenses 20,876 23,257
Accrued compensation and benefits 16,519 18,353
Operating lease liabilities, current 8,043 8,031
Deferred revenue, current 115,581 94,637
Other current liabilities 7,968 7,639
Total current liabilities 224,310 201,123
Operating lease liabilities, non-current 8,715 11,864
Deferred revenue, non-current 2,665 3,851
Other liabilities 913 559
Total liabilities 236,603 217,397
Commitments and contingencies (Note 12)
Stockholders' equity:    
Preferred stock, $0.00001 par value- 10,000,000 shares authorized as of June 30, 2022 and December 31, 2021, respectively; no shares issued and outstanding as of June 30, 2022 and December 31, 2021 0 0
Common stock, $0.00001 par value 300,000,000 shares authorized as of June 30, 2022 and December 31, 2021; 148,332,771 shares issued and 145,584,833 shares outstanding as of June 30, 2022, and 144,653,979 shares issued and 141,906,041 shares outstanding as of December 31, 2021 1 1
Additional paid-in capital 1,299,173 1,235,231
Treasury stock- at cost, 2,747,938 shares as of June 30, 2022 and December 31, 2021 (4,701) (4,701)
Accumulated other comprehensive loss (2,318) (252)
Accumulated deficit (576,368) (488,766)
Total stockholders' equity 715,787 741,513
Total liabilities and stockholders' equity $ 952,390 $ 958,910